Tesla’s volatility could be costing it millions in lost investments, an analyst warns

“We are left wondering if Tesla should have been in the mix for those investments; the company’s volatile image could also leave it out of the discussion for future investments,” Canaccord Genuity told clients Tuesday.

Dorsheimer has slashed his price target for Tesla shares to $316 – roughly in line with Tuesday’s opening price – from $336 following Musk’s failed bid to take the company private. Specifically, he’s worried about the $230 million and $920 million of corporate debt due in November and March, respectively.

“Tesla will need to secure profitability by the end of the year to maintain solvency,” Dorsheimer writes. With only $2.2 billion cash on hand in its most recent earnings report for the second quarter, he estimates Tesla “only has enough cash to maintain operations for another six to nine months at its current rate”